In yesterday’s Wall Street session, Cinemark Holdings Inc (NYSE:CNK) shares traded at $14.81, down -0.80% from the previous session.
11 analysts cover Cinemark Holdings Inc (NYSE:CNK), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $16.00, we find $20.00. Given the previous closing price of $14.93, this indicates a potential upside of 33.96 percent. CNK stock price is now -12.59% away from the 50-day moving average and -6.25% away from the 200-day moving average. The market capitalization of the company currently stands at $1.80B.
The stock has received a hold rating from 4 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $20.09 as their price target over the next twelve months.
With the price target reduced from $21 to $18, JP Morgan Downgraded its rating from Overweight to Neutral for Cinemark Holdings Inc (NYSE: CNK).
In other news, SENIOR ENRIQUE, Director sold 35,054 shares of the company’s stock on Dec 09. The stock was sold for $437,123 at an average price of $12.47. Upon completion of the transaction, the Director now directly owns 46,609 shares in the company, valued at $0.69 million. Insiders disposed of 135,136 shares of company stock worth roughly $2.0 million over the past 1 year. A total of 10.65% of the company’s stock is owned by insiders.
On Thursday morning Cinemark Holdings Inc (NYSE: CNK) stock kicked off with the opening price of $15.04. During the past 12 months, Cinemark Holdings Inc has had a low of $8.28 and a high of $19.85. As of last week, the company has a debt-to-equity ratio of 11.04, a current ratio of 1.55, and a quick ratio of 1.51. According to the stock market information, the enterprise value for the company is $4.59B, which is based on a 26.52 price-to-earnings ratio, a 2.65 price-to-earnings-growth ratio, and a beta of 2.26. The fifty day moving average price for CNK is $16.94 and a two-hundred day moving average price translates $15.80 for the stock.
The latest earnings results from Cinemark Holdings Inc (NYSE: CNK) was released for Sep, 2023. According to the Entertainment Company, earnings per share came in at $0.8, beating analysts’ expectations of $0.55 by 0.25. This compares to -$0.20 EPS in the same period last year. The net profit margin was 3.44% and return on equity was 40.07% for CNK. The company reported revenue of $874.8 million for the quarter, compared to $650.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.5 percent. For the current quarter, analysts expect CNK to generate $830.86M in revenue.
Cinemark Holdings Inc(CNK) Company Profile
Cinemark Holdings, Inc., together with its subsidiaries, engages in the motion picture exhibition business. As of February 24, 20223 it operated 518 theatres with 5,847 screens in the United States, and South and Central America. The company was founded in 1984 and is headquartered in Plano, Texas.
